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Personal Finance
Unit 1 Personal Finance Assessment questions
| Question | Answer |
|---|---|
| saving for less than two months would be a ____ term goal | short |
| Saving for more than 2 months would be a ____ term goal | long |
| What is a term for money you earn? | income |
| what payment option allows money to be withdrawn from a person's bank account? | debit card |
| How can you make sure you have enough money? | have a budget |
| for the future means giving up the opportunity to spend in the present | saving |
| the second best choice or alternative a person gives up to get something else | opportunity cost |
| a decision that results in giving up one thin to get something else | trade off |
| Pay later for cash, goods or services received now | credit |
| What are forms of money that can serve as cash? | debit cards, cash/currency, checks |
| What is a variable expense? | expenses that can vary based on the product. It can be chosen or not. Example: Designer jeans or no-name jeans. |
Created by:
ssha13
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